Fungibility in Cryptocurrency: Guide

Fungibility is a fundamental economic concept that applies to any good or asset whose individual units are interchangeable. In cryptocurrencies, a fungible token is one where each unit, or token, is identical to every other. Bitcoin is a prime example of a fungible cryptocurrency because each bitcoin is interchangeable. What is Fungibility in Cryptocurrency? Fungibility is the ability of a good or asset, in this case, a token or cryptocurrency, to be interchanged with other goods or assets of the…